Ether fell 16.06% in October after briefly approaching the $2,800 resistance level and ended the month around $2,250. The massive Binance hack, revealed on October 30, helped push ETH down to a two-month low of $2,150. Net outflows from Ethereum ETFs reached $1.61 billion during October, making them the largest monthly withdrawal since the funds were launched. Cumulative inflows into these ETFs consequently declined from $13.89 billion at the end of September to $12.29 billion at the end of October. This monthly drop was the third-largest of the year, behind June and February.
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